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Dec 27, 2012 9:00pm PST
. >>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife and 3 kid. he's looking at extra 17,000 in change. renee of carson just calculated what her family will pay. >> my god. that's another additional, i mean, deduction. >>reporter: 4 dollars short of 3000 dollars. >> i know. i know. >>reporter: she says it's like losing a month salary for her or her husband. pretty significant reduction. >> oh, yes. yes. it's a big one. >>reporter: here's other quick calculations. single person making 46,000 can count on increase of 1300. married with no children income of 57,000 it's an extra 2200 you will be paying. married with two kids and income of 146,000, 7300 more.
Dec 27, 2012 11:30am PST
of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 years. strongest showing since april 2010. when home buyer tax credit boosted sales but still below the 700,000 level that economists consider healthy. experts say it is proof the housing market is recovering. real estate website zillow expects 2013 to be a seller's market special the bay area, las vegas and phoenix best places to buy, cleveland, chicago and philadelphia. >>> mike is ahead with our forecast. >>> tricky forecast coming up. system coming didn't at us is going to develop near us rainfall amounts are going to vary greatly. latest details on how long that will last. i found more than one day of dry weather. >>> update to a recall effo
Dec 29, 2012 12:00am PST
to the wire big time. the fiscal cliff is really in sight now. >> it is deja vu all over again. >> the president chastising congress to do their jobs, but will they? details on what happened next. and violence against women. the vigil tonight in san francisco for a woman who lived and died brutally half a world away. and live doppler 7hd is tracking the rain and moving into the bay area. meteorologist sandhya patel is up next to show you when the rain will hit your neighborhood and a look ahead to new year's. that's all coming up. and then late other "nightline." >> i'm terry moran. dan, up next on "nightline," they are not rich, but they fly all over the world in first class for free. the extreme methods and secret tips of frequent flier mileage hoarders. and a national memory champion tonight. tonight. he will share you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. unc
Dec 28, 2012 9:00pm PST
about the fiscal cliff. president last minute message to congress as the count down gets very close now. >> we are tracking the latest rain come in on live doppler 7hd. rain moving over the bay area now. live picture. lisa ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> don't be surprised if you run across one of these in your neighborhood over the next few days. right now the highway patrol and other local law enforcement agency around the bay area are launching their annual crack down on drunk drivers. dui checkpoint in place tonight through the bay area and they will be up and running through new year's day to try to keep people safe and drugs off the road. >> one bay area lawmaker proposing new solution for getting repeat drunk drivers off the road. already being used in other states and some considering it here. david has the story. >> thinking behind proposed crack down over repeat offenders is t
Dec 28, 2012 11:30am PST
sweeney, abc7 news. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv you can record four shows at once on your total home dvr and play them back in any room. [ male an
Dec 26, 2012 9:00pm PST
. but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficul
Search Results 0 to 5 of about 6